Financial Stability Oversight Council Calls for Regulatory Reform

Editor’s Note: The following is a brief excerpt from the FSOC 2018 Report. The┬ácomplete report is available here.

From: Financial Stability Oversight Council

2018 Annual Report
3.12 Regulatory Efficiency and Effectiveness

While the regulatory environment has contributed
to improvements in financial stability and the
resiliency of financial institutions since the financial
crisis, new regulations have also raised concerns
about increased compliance costs and regulatory
burdens for financial institutions, especially for
smaller institutions.

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The Council recommends that federal and state
financial regulators continue to work together
to evaluate regulatory overlap and duplication,
modernize outdated regulations, and, where
authority exists, tailor regulations based on the size
and complexity of financial institutions.

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